InvestorsHub Logo
Followers 73
Posts 8833
Boards Moderated 0
Alias Born 06/05/2014

Re: nhtrader post# 415557

Thursday, 03/05/2015 3:06:56 AM

Thursday, March 05, 2015 3:06:56 AM

Post# of 730579
The calculation is correct IMO but my question is...

In addition, from 2005 to 2008, Washington Mutual made certain loan level representations and warranties in connection with approximately $165 billion of residential mortgage loans that were originally sold or deposited into private-label securitizations by Washington Mutual. Of the $165 billion, approximately $78 billion has been repaid. In addition, approximately $49 billion of the principal amount of such loans has liquidated with an average loss severity of 59%. Accordingly, the remaining outstanding principal balance of these loans as of December 31, 2014, was approximately $38 billion, of which $8 billion was 60 days or more past due. The Firm believes that any repurchase obligations related to these loans remain with the FDIC receivership.



Are theses $165 billion residential mortgage loans the SFRs (single family residential) loans mentioned in Exhibit Z of the GSA?

http://www.sec.gov/Archives/edgar/data/933136/000090951810000371/settlement_agr.htm

(Search for "LOANS SERVICED BY JPMORGAN" to find it)

Or more specific, could these (I counted 270 SFR loans) sum up to these $165 billion because they are not "single" mortgages, but each of them is a kind of "mortgage pool"?

How could we find out more about these SFRs in Exhibit "Z"???
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News